NCUA – Page 119 – Regulatory Report

What's up

[ January 17, 2025 ] Echoing FDIC appointee, Fed withdraws from international regulator group focusing on climate-change policy The Fed
[ January 17, 2025 ] Honda financing arm to pay $12.8 million in redress, penalty over credit reporting violations during COVID-19 pandemic CFPB
[ January 17, 2025 ] Equifax hit with $15 million penalty over poor dispute handling CFPB
[ January 16, 2025 ] Cash App owner Block ordered to pay up to $175 million combined in redress, penalty CFPB
[ January 16, 2025 ] Credit union overdraft, non-sufficient funds fees not offset by reduced fees, lower rates, research finds NCUA

NCUA’s final suspension and debarment procedures are effective Sept. 10

August 9, 2018 0

A set of final suspension and debarment procedures for contractors doing business with the National Credit Union Administration (NCUA) are set to take effect Sept. 10. Published in the Federal Register Thursday, the procedures were […]

Comments due Sept. 7 on one-year delay of risk-based capital for credit unions

August 8, 2018 0

A one-year delay of a risk-based capital rule that would be revised to apply to roughly 10% of all federally insured credit unions is out for comment until Sept. 7, according to a notice in […]

In ‘rare use’ of administrative charges, regulator seeks $4.5 million from former CEO of NY-based CU

August 7, 2018 0

Restitution of at least $3.5 million, and a $1 million penalty, is being sought from a former chief executive and board member of a New York-based credit union by the federal credit union regulator, the […]

NCUA posts FAQs about changes wrought by reg relief law in four areas for credit unions

August 7, 2018 0

The impact on credit unions of recently enacted regulatory relief legislation has been developed as a “frequently asked questions” list by the credit union federal regulator and posted by the agency on its website Tuesday. […]

In first letter to CUs of year, regulator outlines exam/supervision initiatives

August 6, 2018 0

Initiatives designed to “improve and modernize” exams and supervision – which aim to replace “outdated, end-of-life examination systems,” among other things – are outlined in the first “letter to credit unions” published by their federal […]

Federal credit union loan-rate cap remains 18% into March 2020

August 2, 2018 0

The loan interest rate cap for federal credit unions will remain at 18% through March 10, 2020, as a result of action during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. Without […]

Comments sought on credit union loan maturities, loans-to-one-borrower limits

August 2, 2018 0

The federal regulator of credit unions released and invited comments on a proposed rule Thursday that is aimed at clarifying and easing the regulatory compliance burdens associated with the agency’s lending rules. Issued by the […]

CU regulator proposes one-year delay in ‘risk-based capital’ rule, whittles down number it affects

August 2, 2018 0

A regulation on risk-based capital would become effective in 2020, rather than 2019, under a proposal issued Thursday for a 30-day comment period by the federal regulator of credit unions. Additionally under the proposal, the […]

Small credit union in Michigan closed, NCUA is liquidating agent

July 31, 2018 0

A 396-member credit union serving a church in Detroit was liquidated Tuesday by Michigan’s financial institutions regulator. The National Credit Union Administration (NCUA) was appointed liquidating agent of the state-chartered, federally insured credit union. The […]

Agency scales back on direct communications to institutions in 2018

July 31, 2018 0

Typically, by this time of year, about six “letters to credit unions” (LTCUs) – which detail or outline issues deemed of special importance – would have been issued by the federal regulator of credit unions […]

« 1 … 117 118 119 120 121 … 137 »

Echoing FDIC appointee, Fed withdraws from international regulator group focusing on climate-change policy

January 17, 2025 0

Echoing a stance taken by another regulator earlier this week, the Federal Reserve Friday said it has withdrawn from an international group of regulatory agencies focused on climate-change policy. The Fed said that it has withdrawn from the Network of [...]
Honda financing arm to pay $12.8 million in redress, penalty over credit reporting violations during COVID-19 pandemic

January 17, 2025 0

American Honda Finance Corporation was ordered Friday to pay $10.3 million in consumer redress plus a $2.5 million civil money penalty over findings of credit report furnishing inaccuracies and dispute investigation failures during the COVID-19 pandemic, the Consumer Financial Protection [...]
Equifax hit with $15 million penalty over poor dispute handling

January 17, 2025 0

Equifax, one of three nationwide consumer reporting agencies, was ordered Friday to pay a $15 million civil money penalty for failing to conduct proper investigations of consumer disputes. The Consumer Financial Protection Bureau (CFPB) – in a release familiar in [...]
Cash App owner Block ordered to pay up to $175 million combined in redress, penalty

January 16, 2025 0

Up to $120 million in consumer redress plus a $55 million civil money penalty (CMP) must be paid by Block, the owner of peer-to-peer payments app Cash App, under a consent order announced Thursday by the federal consumer financial protection [...]
Credit union overdraft, non-sufficient funds fees not offset by reduced fees, lower rates, research finds

January 16, 2025 0

Credit unions are not offsetting income from overdraft (OD) and non-sufficient funds (NSF) fees through reduced fees for other services or lower interest rates, according to a “research note” issued Thursday by the institutions’ federal regulator. Those results, the agency [...]
Credit union regulator gives nod to ’25 performance plan

January 16, 2025 0

A 2025 performance plan was adopted by the federal credit union regulator’s board Thursday, outlining specific methods and targets about how the agency will measure its performance. The agency board adopted the plan unanimously at its regular monthly meeting. In [...]
‘Modest’ growth in lending reported as year ended; delinquencies still a concern

January 15, 2025 0

Modest growth in lending was reported across Federal Reserve districts in late November and December, tracking what most districts called “moderate” or “modest” economic growth, according to the latest Beige Book released Wednesday by the Federal Reserve. According to the [...]